Newlat Food: Ready to Take the London Stock Market by Storm? 🇬🇧📈
Food company owner chooses financial institutions for £700 million stock market debut in London
It looks like Newlat Food, the Italian powerhouse behind beloved British food brands, is planning to shake up the London Stock Exchange! Known for its delicious tinned fish, fruits, soft drinks, and Sunflower oil under the Flora brand, this company could be prepping for a major move.
Insiders say Newlat is working with BNP Paribas and Peel Hunt to list a significant portion of its business on the London Stock Market. Unicredit and Rabobank are also allegedly part of the potential deal[1][2].
The potential Initial Public Offering (IPO) could value the New Princes portfolio at about £700 million! This news comes just less than a year after Newlat acquired Princes from Japan's Mitsubishi Corporation[1].
Rumors of a float might give the London Stock Exchange a much-needed boost, as it's been light on big-name listings for a while now. But, Newlat isn't rushing into anything. They're still evaluating the float decision, according to a recent statement[1].
The integration of Princes Foods has gone more smoothly than expected, according to Newlat. They've already hit targets ahead of schedule. An IPO could help Newlat Food seize the growth potential of their Food and Drinks business by securing additional financial resources for even more acquisitions[4].
But, there's no guarantee that an IPO or any other changes will actually go down. Newlat's statement emphasized that no final decisions have been made yet[4].
Stay tuned as this story developed! #NewLatFood #IPO #LondonStockMarket 🚀💰🇬🇧📈
^(1. Enrichment Data: BNP Paribas, Peel Hunt, Unicredit, Rabobank involved; potential IPO could value the New Princes portfolio at about £700 million. Source 1 | Source 2 | Source 3 | Source 4 | Source 5 | Source 6)
^(2. Enrichment Data: Newlat Food's Food Drinks division, which includes brands like Princes and Napolina, generated revenues of approximately €2.45 billion in 2024 and aims to reach €3 billion in 2025[4].)
^(3. Enrichment Data: The potential IPO could support Newlat's expansion and accelerate its external growth strategy[4].)
Newlat Food might use the proceeds from the potential IPO, alongside the financial resources provided by banks like BNP Paribas and Unicredit, to fund its growth strategy and make more acquisitions, further expanding its Food and Drinks division. In light of the looming war and economic uncertainty, such financial stability could prove crucial.
